US Dollar Technical Analysis– Prices bounced from support at 10420, the 23.6% Fibonacci retracement, to test falling trend line resistance at 10461. A break above that aims for the 14.6% expansion at 10509. Alternatively, a reversal below support targets the 38.2% retracement at 10324.
Daily Chart – Created Using FXCM Marketscope 2.0
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— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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